The Weekly Bull Report – April 24, 2022 🗞

Welcome to the 198th edition of The Weekly Bull Report.

Here’s a shortlist of the content we found interesting and informative over the past week…

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🤔 Interesting Articles & News:

POLITICS

 

ECONOMICS

 

CULTURE

 

SOCIETY

 

TECHNOLOGY

 

MEDICINE & SCIENCE

 

CANNABIS & PSYCHEDELICS

 

SPORTS

 


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💲 Noteworthy Stocks & Assets:

  • Netflix (NASDAQ: $NFLX) lost more than a third of its value this week, shedding more than $50B in market capitalization. The day after earnings, shares tumbled 35%. The last time the stock fell like that was nearly 18 years ago, on Oct. 15, 2004. Netflix stock slipped nearly 41% that day, all the way to a split-adjusted $1.47 from $2.49 the session before. It’s a staggering loss for a company that is an original FAANG stock, considered a bedrock of growth stocks. Netflix lost a net 200,000 subscribers for the quarter and forecast that it would shed 2M more in the current quarter. That’s launched talk of whether the company is saturating its total addressable market. On the earnings call the company seemed ready to throw a kitchen sink at the problem (including monetizing free-riding viewers and creating an ad-supported tier).

 


🚨 Investment Opportunity: Ridgeline Therapeutics 🔬

Brought to you by Longevity Technology:

Longevity.Technology is fundraising for Ridgeline Therapeutics, a US biotechnology company, that is on a mission to reverse age-related decline in muscle strength, which is linked to lower quality of life and increased morbidity. 💪

Ridgeline’s NNMTi is slated to be the first FDA-approved drug to reverse declines in muscle strength; it is protected by a strong IP portfolio and will be delivered as a daily pill to restore muscle strength and function in the elderly. NNMTi demonstrates superior characteristics compared to competing therapeutics. 👩‍🔬

Preclinical safety and efficacy data have significantly de-risked IND filing and there is a clear path for expansion of clinical indication and clinical development; a fast FDA approval strategy will be employed by the team. ☑️

The experienced leadership team of successful entrepreneurs and scientists has secured $8.95 million in grant funding.

➡️ Link to the deck ⬅️

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Earnings spotlight:

Monday, April 25 – Coca-Cola (NYSE:KO) and Activision Blizzard (ATVI).

Tuesday, April 26 – Centene (CNC), Alphabet (GOOG), General Motors (GM), Chipotle (CMG), Microsoft (MSFT), UPS (UPS), PepsiCo (NASDAQ:PEP), General Electric (GE) and Visa (V).

Wednesday, April 27 – Boeing (NYSE:BA), Humana (NYSE:HUM), T-Mobile US (TMUS), Ford Motor (F), Meta Platforms (FB), Kraft Heinz (NASDAQ:KHC), and Amgen (AMGN).

Thursday, April 28 – Twitter (TWTR), Comcast (CMCSA), Merck (MRK), Caterpillar (CAT), Northrop Grumman (NOC), Amazon (NASDAQ:AMZN), Apple (AAPL), Intel (INTC), Altria (MO), Domino’s Pizza (NYSE:DPZ) and PayPal (PYPL).

Friday, April 29 – AbbVie (NYSE:ABBV), Bristol-Myers Squibb Company (BMY), Exxon Mobil (XOM), Chevron (NYSE:CVX), Phillips 66 (PSX) and AbbVie (ABBV).

 


IPOs expected to start trading this week:

IPOs expected to price in the week ahead include Tenon Medical (TNON) and SaverOne (SVRE) on April 27. Some of the key IPO lockup period expirations to watch include Rent the Runway (RENT), Arteris (AIP), Marpai (MRAI), GlobalFoundries (GFS), Fluence Energy (FLNC), Solo Brands (DTC), Udemy (UDMY), HireRight Holdings (HRT), Aura Biosciences (AURA), and Entrada Therapeutics (TRDA).

 


What Moved the Markets:

The Dow Jones average suffered its worst beating since October 2020 on Friday, capping a fourth straight weekly decline, as mostly positive earnings reports failed to ease worries about rising inflation or the near-certainty that the Federal Reserve will raise interest rates by at least a half point at its meeting next month. Friday’s nearly 1,000 point drop in the Dow followed a speech by Fed Chairman Jerome Powell on Thursday that signaled support for a 50-basis point rate hike is very much on the table since taming inflation is “absolutely essential.” Rates jumped on Powell’s remarks before the benchmark 10-year yield eased slightly on Friday to about 2.9%. Next week will see earnings reports from the four biggest U.S. companies by market cap: Apple, Microsoft, Amazon and Google parent Alphabet. In the week just concluded, the Dow finished down 1.9% in its ninth losing week of the last 11, while the S&P 500 fell 2.8% and the Nasdaq sank 3.8%.

U.S. Indices
Dow -1.9% to 33,811. S&P 500 -2.8% to 4,272. Nasdaq -3.8% to 12,839. Russell 2000 -3.2% to 1,941. CBOE Volatility Index +24.3% to 28.21.

S&P 500 Sectors
Consumer Staples +2.1%. Utilities +0.9%. Financials +2.6%. Telecom -2.2%. Healthcare +1.1%. Industrials +2.%. Information Technology +2.%. Materials +1.7%. Energy +1.%. Consumer Discretionary +1.9%.

World Indices
London -1.2% to 7,522. France -0.1% to 6,581. Germany -0.2% to 14,142. Japan +0.% to 27,105. China -3.9% to 3,087. Hong Kong -4.1% to 20,639. India -2.% to 57,197.

Commodities and Bonds
Crude Oil WTI -5.8% to $100.75/bbl. Gold -2.2% to $1,932.5/oz. Natural Gas -11.4% to 6.465. Ten-Year Treasury Yield +2.7% to 2.91.

Forex and Cryptos
EUR/USD -0.11%. USD/JPY +1.76%. GBP/USD -1.68%. Bitcoin -2.4%. Litecoin -4.6%. Ethereum -2.6%. XRP -8.4%.

Top S&P 500 Gainers
United Airlines Holdings (UAL) +14%. Kimberly-Clark (KMB) +10%. International Business Machines (IBM) +9%. Twitter (TWTR) +9%. M&T Bank (MTB) +8%.

Top S&P 500 Losers
Netflix (NFLX) -37%. Enphase Energy (ENPH) -19%. HCA Healthcare (HCA) -19%. Wimm-Bill-Dann Foods (WBD) -17%. DENTSPLY SIRONA (XRAY) -17%.

 


🎯 Stocks On Our Radar:

 


🏆 Quotes That Inspire Us:

“The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed.”  Henry Ford

 


📖 Word Of The Week:

Elicit means “to get (a response, information, etc.) from someone.”

The final amount raised by the charity walk elicited cheers from the crowd.

The teacher’s question elicited no response.

 


Did You Know:

Google images was literally created after Jennifer Lopez wore that infamous dress at the 2000 Grammys. So many people were searching for her outfit, the search engine added an imagine function.

 


📚 Books We Are Reading:

 


🤣 One-Liners:

A seven-year-old girl came home and told her mom, “A boy in my class asked me to play doctor.”

“Oh no, honey. What happened?”

“Nothing, he made me wait 45 minutes and then double-billed the insurance company.”

 


📽 A Must Watch & Listen:

 


📆 Upcoming Events:

Join Juvenescence on the 10th of May, for a Master Investor webinar, Investing in the Future of Longevity – the Ketone Chapter.

May 10, 2022 | London | 5pm BST (12pm EST)

> REGISTER HERE <

The webinar, which features a live Q&A, will explain the science and value of ketosis and features Dr. Stubbs and other world-leading academics, who will join Jim Mellon and Greg Bailey to discuss the science, and the potential, and the returns that can be expected.

Juvenescence-10th-May-Master-Investor-webinar-Investing-Future-Longevity–Ketone-Chapter-Longevity.Technology-Internet-Bull-Report

 

Our very best wishes for a brilliant upcoming week! 💪

Respectfully yours,

The IBR Team

Please send any news, comments, or stock ideas to jeff@internetbullreport.com and follow IBR on Twitter @IBullReport Resultado de imagen de twitter logo

All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.

 

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Contrarian's Mind

Born in Toronto Lived in Nassau, Bahamas - Palm Beach, Florida - Las Vegas, Nevada - Barcelona, Spain, and now residing in beautiful Cape Town, South Africa. I back bright entrepreneurs with big ideas related to Artificial Intelligence, Machine Learning, realtime platforms and price discovery. Make everyday remarkable!